Osaka (Japan): PM Modi along with other world leaders is participating Group of 20 Summit (G20) at Japan where they are clashing over the values that have served for decades as the foundation of their cooperation.
Prime Minister Narendra Modi on Friday put forward a five-point approach to address common challenges facing the world, including protectionism, unilateralism at global financial organizations like the WTO and terrorism.
Speaking at the informal BRICS leaders’ meeting on the sidelines of the G20 Summit, in Osaka, Mr. Modi said that there was an immediate need to strengthen the WTO, fighting protectionism, ensuring security and work together to fight terrorism.
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“Today I will focus on three major challenges. First the recession and uncertainty in the world economy, unilateral decisions and rivalries are overshadowing rule-based multilateral international trade systems,” Mr. Mod said.
He said making development and progress inclusive and sustainable is the second major challenge.
“Rapidly changing technologies such as digitization and climate change are concerns not just for us, but also for the future generations. Development is in the right direction when it reduces inequality and contributes to empowerment,” the Prime Minister said.